Section 8 Fair Market Rent (FMR) for ZIP 82010 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 82010 is located in Cheyenne, Wyoming, and represents a unique-single entity area. Unfortunately, specific demographic data such as population, percentage of renters, median income, and median home value for this particular ZIP code is not available. However, we can infer some characteristics by examining nearby ZIP codes and neighborhoods.

The Fair Market Rent (FMR) for ZIP code 82010 is set at $1160 for fiscal year 2024. This figure serves as a benchmark for rental prices in the area. While detailed market rent data for 82010 is not available, it is reasonable to assume that the actual market rent could vary but should be close to the FMR due to the nature of the voucher program.

Given the lack of specific demographic data for ZIP 82010, it is challenging to determine if this area fits better for a hands-off voucher operator or a hands-on value-add buyer. Typically, areas with higher percentages of renters and lower median incomes might favor a hands-off approach, while those with room for improvement in property values and amenities might suit a value-add strategy. To make a more informed decision, it would be advisable to review the demographic information of neighboring ZIP codes such as 82009, which likely share similar characteristics.

In conclusion, ZIP code 82010 presents an opportunity for landlords and small-portfolio investors, particularly with the FMR at $1160. However, without specific demographic details, further research into surrounding areas is recommended to tailor investment strategies effectively.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.